Compliance
Merchant Onboarding (KYB)
KYB verification requirements and documentation for sub-merchants
Merchant Onboarding (KYB)
Swipelux conducts KYB verification on all sub-merchants before activation.
Required Documentation
- Certificate of Incorporation / Registration
- Articles of Association
- Shareholder registry (showing all >20%)
- IDs + Proof of Address for UBOs >20%
- IDs for directors
- Business model explanation + flow-of-funds diagram
EDD Triggers
- High-risk jurisdictions
- High-risk verticals (gaming, trading)
- Complex ownership structures
Outcome: KYB approval, conditional approval with caps, or rejection